Al Ansari Financial Services (DFM:ALANSARI) Days Payable : 341.87 (As of Mar. 2024)

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What is Al Ansari Financial Services Days Payable?

Al Ansari Financial Services's average Accounts Payable for the three months ended in Mar. 2024 was د.إ338 Mil. Al Ansari Financial Services's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ90 Mil. Hence, Al Ansari Financial Services's Days Payable for the three months ended in Mar. 2024 was 341.87.

The historical rank and industry rank for Al Ansari Financial Services's Days Payable or its related term are showing as below:

DFM:ALANSARI' s Days Payable Range Over the Past 10 Years
Min: 230.96 Med: 379.28 Max: 554.66
Current: 374.78

During the past 5 years, Al Ansari Financial Services's highest Days Payable was 554.66. The lowest was 230.96. And the median was 379.28.

DFM:ALANSARI's Days Payable is ranked better than
68.68% of 530 companies
in the Capital Markets industry
Industry Median: 108.18 vs DFM:ALANSARI: 374.78

Al Ansari Financial Services's Days Payable increased from Mar. 2023 (221.05) to Mar. 2024 (341.87). It may suggest that Al Ansari Financial Services delayed paying its suppliers.

Al Ansari Financial Services Days Payable Historical Data

The historical data trend for Al Ansari Financial Services's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Al Ansari Financial Services Days Payable Chart

Al Ansari Financial Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

237.01

401.01

554.66

379.28

230.96

Al Ansari Financial Services Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						221.05	498.41	413.19	304.60	341.87

Competitive Comparison of Al Ansari Financial Services's Days Payable

For the Capital Markets subindustry, Al Ansari Financial Services's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Al Ansari Financial Services's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Al Ansari Financial Services's Days Payable distribution charts can be found below:

* The bar in red indicates where Al Ansari Financial Services's Days Payable falls into.

Al Ansari Financial Services Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Al Ansari Financial Services's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (197.052	+	245.417)	/	2 )	/	349.628	*	365
=	221.2345					/	349.628	*	365
=	230.96

Al Ansari Financial Services's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (245.417	+	431.344)	/	2 )	/	90.319	*	365 / 4
=	338.3805					/	90.319	*	365 / 4
=	341.87

Al Ansari Financial Services Days Payable Related Terms

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Al Ansari Financial Services (DFM:ALANSARI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Al Ansari Financial Services (DFM:ALANSARI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Barsha 1, P.O Box 6176, Office No. 804, Al Ansari Business Center, Dubai, ARE

Website

https://www.aafs.ae

Al Ansari Financial Services is engaged in the business of buying and selling foreign currencies and traveller's cheques, cheques, executing remittance operations in local and foreign currencies, payment of wages through establishing a link to the operating system of wages protection, special products such as bill payments, cash collections, sale and reload of multi-currency prepaid cards) and transportation of cash and valuables.

Al Ansari Financial Services (DFM:ALANSARI) Headlines

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